GM Extends Plant Closures
By Michelle Krebs June 9, 2009DETROIT -- General Motors, which last week filed for Chapter 11 bankruptcy, is extending summer shutdowns at seven plants.
The automaker is adding up to four weeks to temporary shutdowns at plants in: Detroit, Lansing and Orion Township, Mich.; Spring Hill, Tenn.; Shreveport, La.; and Oshawa, Ontario, Canada.
GM said the extended closures are to lower inventories of unsold vehicles.
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NO!NO! Wait a sec- the House just passed the Cash For Clunkers Bill! You need to add two more shifts at all the plants!
It seems that GM thinks the same way Karl Brauer does.
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